Macro Traders Fear Shorting Oil Above $100

If you’re among those investors who believe oil is ahead of itself, top commodity strategist Michael Harris of Campbell & Company would like a word. His research suggests crude is about to climb in a big way.

Harris cites a slew factors that could signal robust demand and constrained supply. They follow:

Demand Strength

- Although analysts are predicting 2012 will be a tough year for economic growth, China’s declining CPI suggests Beijing should continue to ease

- The ECB didn’t drop rates and the decision not to cut could be a sign the economies of Europe aren’t as bad as feared

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Trader disclosure: On Jan. 12, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian is long AAPL; Najarian is long BAC; Najarian is long C; Najarian is long MSFT; Najarian is long INTC; Najarian is long YHOO; Najarian is long MOS; Najarian is long JAG; Cortes is long SO; Cortes is long KFT; Cortes is short Crude; Cortes is short MCD; Cortes is short QQQ; Cortes is short FSLR; Cortes is short XRT vs. S&P long; Weiss owns BRCM; Weiss owns EUO; Weiss is short AAPL puts; Weiss owns MOS; Weiss owns POT; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns WFT; Grasso owns XLU

Brian KellyShelter Harbor Capital is long IWMShelter Harbor Capital is long KREShelter Harbor Capital is long XHBShelter Harbor Capital is long EWZShelter Harbor Capital is long GLDShelter Harbor Capital is long SLVShelter Harbor Capital is short Aussie dollarShelter Harbor Capital is CDRShelter Harbor Capital is UBS